Advertisement
Australia markets close in 4 hours 44 minutes
  • ALL ORDS

    7,850.20
    -87.30 (-1.10%)
     
  • ASX 200

    7,590.10
    -92.90 (-1.21%)
     
  • AUD/USD

    0.6530
    +0.0006 (+0.10%)
     
  • OIL

    83.85
    +0.28 (+0.34%)
     
  • GOLD

    2,340.00
    -2.50 (-0.11%)
     
  • Bitcoin AUD

    98,205.24
    -528.84 (-0.54%)
     
  • CMC Crypto 200

    1,382.16
    -0.41 (-0.03%)
     
  • AUD/EUR

    0.6084
    +0.0011 (+0.18%)
     
  • AUD/NZD

    1.0945
    -0.0013 (-0.12%)
     
  • NZX 50

    11,876.56
    -69.87 (-0.58%)
     
  • NASDAQ

    17,430.50
    -96.30 (-0.55%)
     
  • FTSE

    8,078.86
    +38.48 (+0.48%)
     
  • Dow Jones

    38,085.80
    -375.12 (-0.98%)
     
  • DAX

    17,917.28
    -171.42 (-0.95%)
     
  • Hang Seng

    17,284.54
    0.00 (0.00%)
     
  • NIKKEI 225

    37,634.71
    +6.23 (+0.02%)
     

Goldman Sachs earnings drop 67% on $1.5 bn legal charge

International financial giant Goldman Sachs saw revenues decline in the second quarter as trading income was limited compared to last year when the Brexit vote fueled volatility in markets

Goldman Sachs reported a big drop in second-quarter earnings Thursday on mixed results in operations and a large jump in legal and regulatory costs.

Earnings for the second quarter were $916 million, down 67 percent from the year-ago period. The investment bank had $1.5 billion in legal and regulatory costs, up from $284 million last year